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Kaye Scholer Advises VersaPay on Closing Bought-Deal Financing

May 19, 2015

Kaye Scholer attorneys Steven Canner and Tracy Belton recently acted as US counsel to VersaPay Corporation, a leading provider of cloud-based payment solutions, in closing the company’s previously announced bought-deal private placement.

A syndicate of underwriters led by Haywood Securities Inc. and including Cormark Securities Inc. completed the offering of 3,457,144 units.

The offering remains subject to final approval of the TSX Venture Exchange.

The net proceeds from the offering will be used to fund working capital and general corporate purposes.

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Tracy A. Belton
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